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Eric Trump, the son of former President Donald Trump, believes that stablecoins have the potential to preserve the strength of the US dollar. In a recent interview, he cited USD1, a stablecoin linked to the Trump family's crypto project, World Liberty Financial, claiming it could reinvigorate the dollar
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In crypto today, UK Finance announced the launch of a pilot for tokenized sterling deposits (GBTD) in partnership with six major banks: Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander. This initiative aims to digitize traditional British pound commercial bank money and will explore its benefits for customers and
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The CoinDesk 20 index experienced a decline, trading at 3816.51, down 1% since Thursday. Avalanche (AVAX) was highlighted as a significant underperformer, sliding 7.1%, while NEAR Protocol also suffered a decline of 6.1%. No assets in the index recorded gains, with Ethereum (ETH) and Internet Computer (ICP)
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Cipher Mining announced an upsized offering of $1.1 billion in 0.00% convertible senior notes due 2031, increased from an initial target of $800 million. The notes are convertible at an initial price of $16.03 per share, representing a 37.5% premium over the recent stock price of
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Cronos, the cryptocurrency of Crypto.com’s Cronos Chain, has faced major selling pressure since the Trump Media Group CRO Strategy launch. Following initial excitement, the token plummeted to below $0.19, nearing pre-announcement levels. The market cap has decreased by over $6 billion, dropping Cronos out of the top
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Bitcoin is trading around $109,300 after a brief dip below $109,000, influenced by a reported 2.9% year-over-year increase in U.S. core inflation for August. The cryptocurrency faced a challenging market, with approximately $970 million in liquidations, predominantly from long positions betting on price increases. Predictions among
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Vesting NFTs have surged to the top of CryptoSlam’s daily sales volume rankings on BNB Chain, generating over $12.4 million in sales. This indicates a significant interest among investors in new liquidity solutions for token lockups, surpassing renowned digital art collections like CryptoPunks. This activity propelled BNB Chain
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The crypto market is experiencing significant declines, with the CoinDesk 20 Index dipping 5% within the last 24 hours, affecting all major tokens. Capital outflows from futures markets are evident, leading to increased demand for protective put options on Bitcoin and Ether. The upcoming U.S. core PCE data is
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Kraken has successfully closed a $500 million funding round, valuing the cryptocurrency exchange at $15 billion. This funding round, which included investment managers, venture capitalists, and co-CEO Arjun Sethi, sets the stage for a long-anticipated IPO expected next year. The significant growth in revenue, amounting to $411 million and nearly
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Hypervault Finance has suffered an alarming breach, resulting in $3.6 million being transferred to the crypto mixer Tornado Cash in what has been described as an 'abnormal withdrawal.' The funds were first moved to the Ethereum chain before being sent to Tornado Cash, as reported by blockchain
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The cryptocurrency market faced turbulence as President Trump's announcement of higher tariffs on imports, including pharmaceuticals and trucks, spooked investors. The CoinDesk 20 Index dropped 5%, while market leaders like Bitcoin and Ethereum fell nearly 2%. The downturn was compounded by a stronger dollar influenced by U.S.
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Blockchain analytics firm Elliptic reported that pig butchering scams have evolved into a multibillion-dollar global industry. This type of fraud, which involves grooming victims into sending money for fake crypto investment schemes, utilizes sophisticated methods to launder stolen funds. Scammers frequently consolidate victims' deposits into self-hosted wallets and employ